Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,072.63 yesterday at 5 pm (GMT) and has since decreased by 0.75%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,327 representing a gain of 1.99% in the last 24 hours. More than $260 M worth of BTC were exchanged in the BTC/USD market representing an 18% share of the global daily volume. The BTC/JPY pair represents a 11.2% share.

The Ethereum price has risen 4.46% over the past 24 hours and is currently sitting at $198, with over $130 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 17% market share of the daily trading volume.

See live charts here and here

CryptoCompare API Quick-Start Guide

Today we’re going to do a quick run through of how you can harness the CryptoCompare API to do your own data analysis on cryptocurrency prices. Whether you’re interested in monitoring your current portfolio, gaining market insights for a new investment, or just want to find something interesting in massive data sets, this guide will run through the development of your first program using CryptoCompare’s extensive market data.

Read more here

SEC Orders Temporary Trading Suspension of BTC and ETH ETNs

Yesterday, the U.S. Securities and Exchange Commission (SEC) announced the temporary suspension of trading in the securities Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”). The suspension started on the 9th of September 2018 and has its end planned for the 21st of September 2018. The SEC announced the news on Twitter:

"SEC Issues Order of Suspension of Trading in Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”)"

Read more here

Coinbase Joins Race For Crypto ETF

Coinbase is trying to launch a cryptocurrency exchange-traded fund (ETF) and has approached BlackRock for help, according to unnamed sources interviewed by Business Insider. BlackRock, which manages $6 trillion in assets, has pioneered ETFs and has a blockchain working group. Coinbase, which announced a cryptocurrency index fund for accredited investors in March, joins VanEck, Bitwise Asset Management and Gemini in requesting to introduce the first crypto ETF. The Securities and Exchange Commission recently rejected nine Bitcoin ETF proposals.

Read more here

CryptoGlobe Is Recruiting: Cryptocurrency Copywriter and Journalist

CryptoGlobe is a fast-growing cryptocurrency news site that launched in late February 2018. The company strives to be a trusted source for the latest news and analysis in the crypto space. CryptoGlobe is looking for freelance copywriters to cover cryptocurrency-related news articles and opinion blogs. There may also be opportunities for candidates to help develop content strategy and fulfil an editorial role if desired.

Click here to apply

Introducing Flippening - A Weekly Podcast For Full-Time Crypto Investors

Hi, my name is Clay, and my team just launched a new podcast for full-time crypto investors. It’s called Flippening.

Each week on Flippening, we discuss the cryptocurrency economy, new investment strategies for maximizing returns, and stories from the front lines of financial disruption.

Published every Thursday, Flippening features:

  • Conversations with top analysts and technicians
  • Twice-monthly news roundtables with preeminent crypto journalists
  • Deep dives with fund managers
  • Product announcements and unveilings from heavily-vetted crypto projects
  • Discussions with market makers and liquidity providers
  • Teach-ins with top crypto attorneys, accountants, and regulators
  • Market overviews with exchange and OTC desk operators

The first few episodes contain:

  • An interview with a crypto hedge fund manager
  • A discussion with a crypto derivatives expert about LedgerX/Cboe/CME Group’s derivatives offerings and their impact on the market
  • A news roundtable with one of my favourite “crypto philosophers”

Flippening is for a new class of investors that were not part of the financial services world before bitcoin but got into the finance because of their passion for crypto assets, blockchain, altcoins, and distributed ledger technology.

To check out (and subscribe to) the podcast, go here.

Onwards and Upwards,

Clay Collins - Host of The Flippening Podcast

Press Release

State of the Crypto

Bitcoin is up 1.99% at $6,327.700 with a volume of Ƀ42.1k - $267.1M on the USD pairs.

Ether is up 2.34% against Bitcoin at Ƀ0.03143 per Ether and up 4.46% against the dollar to $198.52 with average volume Ƀ48.0k on the ETH/BTC pair.

Bitcoin Cash is up 0.77% to Ƀ0.07639 with volumes of Ƀ14.9k and up 3.02% against the dollar at $482.89.

Ripple is down 1.8% to Ƀ0.00004361 with volumes of Ƀ7.0k and up 0.11% against the dollar at $0.2754.

Zcash is down 0.98% for the day to Ƀ0.01917 per ZEC and up 0.69% against the dollar to $120.97 with an average volume of Ƀ4.2k for the 24 hour period.

Litecoin is up 4.82% against the dollar for the day at $55.28 and up 2.87% to Ƀ0.008758 on volumes of Ƀ8.8k.

Dash is up 11.29% at Ƀ0.03242 with Ƀ10.0k volume and up 13.73% against the dollar at $205.26.

Iota is up 6.65% to Ƀ0.00009192 on Ƀ1.5k volume.

Ether Classic is down 1.49% to Ƀ0.00178 with volumes of Ƀ10.6k and up 2.18% against the dollar at $11.26.

Monero is up 5.16% against the dollar at $108.43 and up 3.5% against Bitcoin at Ƀ0.01717 on volumes of Ƀ3.6k.

Neo is up 1.84% for the day to Ƀ0.002937 per NEO and up 4.09% against the dollar to $18.58 with an average volume of Ƀ7.7k for the 24 hour period.

Waves is down 1.22% to Ƀ0.0003005 on Ƀ542.475 volume.

Stratis is up 3.27% to Ƀ0.0002244 on Ƀ162.345 volume.

Cardano is down 0.16% to Ƀ0.00001212 on Ƀ2.1k volume.

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